A trustee may pay, compromise, contest, submit to arbitration, or otherwise settle any and all claims in favor of or against his trust or himself as trustee.
S.D. Codified Laws § 55-1A-25
Claims in favor of or against trust or trustee
Applied in 1 court decision — leading case SBS Financial Services, Inc. v. Plouf Family Trust (2012)
Most recently applied in SBS Financial Services, Inc. v. Plouf Family Trust (October 2012)
Source: SL 1979, ch 336, § 25.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.